Oct 03 2023 38 mins
With FTX’s debts spiraling and Alameda’s books a blackhole, Sam needs to bring in more cash fast to keep the two companies afloat. But CZ has been biding his time — and he’s done tolerating Sam’s backstabbing. When CoinDesk publishes an explosive article exposing Alameda’s financials, CZ seizes the opportunity for revenge, sending shockwaves through the market and triggering panic. As investors scramble to retrieve their assets, Sam is hit with charges of wire fraud, securities fraud, and intent to defraud the U.S. government.
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